The clarion., 1887-04-06
CHARTER OF INCORPORATION =
Or THE
Jackson Land and Improvement Com.
pany.

1. J; B. Harris, L. Brame. W. W. Stone, Will
liam short T. A Melville, s. f. virden, Paul
Barnett, w. L. Nugent, W Griffith NJ S Craft
w. l.. Hemingway, p. w. Peoples, j. II. Odeneal
II. r. Ware, +. A. Wolfe. and such other persons as
they may hereafter associate with them are hereby
made,a body corporate under the name Of the Jack
son Land and improvement Company BY that
name said corporation may sue and be sued, may
contract have seal and alter the same at pleas
ure, and may make such rules and bylaws, not
inconsistent with law, as may be deemed proper;
and the corporate existence shall be perpetual Ths
domicile OF the corporation shall he Jackson Mis-
sissipp, but il may have places OF business else
where in this State or out of it.
2. The capital stock of said company is fixed at
thirty-seven thousand five hundred dollars, 10 be
divided into shares of one hundred dollars each
The certificates of shares of stock shall be issued
on the vote OF the board of directors. and when
issued, shall be signed by the president, vice.
president and the secretary, and shall be transfer
able in writing on the books OF the company the
board of directors may require. The capital stock
of the company may lie increased from time to
time TO any amount on the recommendation of the
board OF directors, approved by two-thirds vote
Of the shareholders.
3. The officers of said corporation shall be
president viee-president, secretary, treasurer and
i've directors and the president, vice president
secr-tsry, treasurer and five directors shall con-
stitute the board of directors, majority of whom
shall constitute a quorum. The board of direc-
tors shall conduct and direct all the business affairs
Of the corporation, and shall have power 10 sp-
point any other officers agents that the business
Of the company may require. The presiding OFF,
Ger in the meetings of the board of directors
shall be the president, in his absence the vice.
may choose one OF the directors ie preside. The
presiding officer shall not be entitled to a vote ex-
cept in of tie Ali vacancies shall be filled,
as the board Of directors may provide. The fol-
lowing persons hereby designated the officers
Of the corporation: J. Il. Harris, president; NJ. 5.
Craft, vice. president; l.. Brame, secretary; B. W.
Griffith, treasurer; T. A. New lille, William Short,
j. III. Odeneal p w. Peoples, and Ii. T. Ware,
directors. Such persons shall hold Office until the
first election OF officers by the shareholders the first
Monday in October 1887, and until their SUCCESSORS
are elected and qualified.
4. Immediately the approval OF this charter the
secretary may open books for the purpose OF receiy
ing subscriptions TO the capital stock OF tbs compa
ny; and when as much as twenty thousand dollars
shall have been subscribed, the corporation may
proceed in the exercise of its powers. said
psuy shall have power 10 acquire and own lands
personal property TO any amount anywhere In the
State OF Mississippi, or elsewhere; to use. lease
grant, sell or convey the same for cash credit
TO exchange the same for other property to mort
gage otherwise cucumber any of its property;
to borrow money; issue bonds; negotiate loans; to
build and operate Q street railway railways,
manufacturing and mining establishments OF all
kinds, gas works, electric light works and water
works In near the City Of Jackson; to build
hotels storehouses, warehouses, dwellings or other
houses, and 70 lease, occupy or use the same; an6
do all such other things corporations of this
character are empowered TO do under the general
laws of this State.
s. After the first election, the frs, Monday in
October, 1887, officers shall be elected annually by
the stockholders. The meetings fer that purpose
shall be in the city Of jackson, and at least two
weeks notice ot each meeting shall be given by the
president secretary by publication in some news.
paper In Jackson; but no such regular meeting
shall be made illegal by failure to give the
tice. All such elections shall be by ballot and each
stockholder shall be entitled to yete IN person
or by written proxy. for share Of stock he'd by
such person All officers .haIl hold Once until
their Successors chosen and qualified. After
the company is organized the failure to give notice
hold elections and select officers as provided, shall
not work dissolution OF the corporation or for
feiture.
G. Tae meetings Of the board OF directors shall
be in the city Of Jackson. Mississippi. or at any
other convenient place; and such meetings may be
any time the call of the president vieepresi-
dent, secretary, or any two Of the disectors
The time for the regular annual meeting Of the board
of directors shall be just after the meeting Of stock
holders held for the election Of officers but this
meeting shall not be absolutely essential. Il shall
not be necessary for the minutes Of the board At
any meeting 10 show formal call, but the pro-
eeedings sksli be deeaed regular In all respects
quoFuEa is present and the minutes are signed by
the presiding officer
| l. Deeds conveying any of the property Of the
company shall only be made ny order Of the board
of directors and shall be signed by the presIdent,
or vice-prcsident, and the secretary, Who shall
attach thereto the seal Of the eorporation and the
president, or vice-president, as the may be,
shall acknowledge such deeds In due form according
TO the general laws. This being done, such deeds
shall be eneotual for all purposes and it shall not
| be necessary to show by other evidence the sane
tion OF the board Of directors.
8. The shareholders at any meeting may pro
vide by resolution what compensation is 70 be
paid the officers agents Of the company; and the
board of directors shall requir. Of the treasurer, OF
of any other officer, such official bond, with good
security, from time to time, may be deemed
advisable. A full and complete record shall be KEEP
of the proceedings Of the board of directors and ths
proceedings had at the meetings OF the stockhod
ers-
3 The board OF directors shall provide for the
payment of such calls by shareholders unpaff
stock from time TO time as may be deemed proper
and payment shall be made by the stockholder
accordingly. The board may direct what notice. i
any, shah be given OF such calls; and the company
shall have lien on all shares of members for call
or other debts they may owe IN. corporation. II
no event shall shareholders liable for any of tn
debts obligations of the company in excess OF tn
amount OF unpaid subscriptions to their capita
stock.
10. On the first Monday Of April and October II
each year the board OF directors shall make 8 ful
and specific report Of the condition of the ahairs
the company; and the books of the company sha
At all times be subject TO the inspection OF an
stakeholder
IL. If the board of directors shall 50 order, or o
the written request of three or more stockholder
at any time, the president shall call special meet
ing OF the shareholders of the corporation, of whic
at least five days written notice shall be given tn
stockholders by the secretary.
marco 87-3w.